Households suffer their biggest fall in income since 1981 as effects of the last recession begin to hit

British households have suffered their biggest fall in incomes in over 30 years, new figures reveal. Average take-home pay dropped by 3.1 per cent in 2010-2011, as rising inflation and falling salaries squeezed families’ finances. Incomes had been growing slowly for the preceding five years, even throughout the first recession between 2008 and 2010. The small gains were due to falling inflation and increasing benefits and tax credits...Mail Online